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Linde LIN Debt-to-equity

Debt-to-equity at other companies

Air Products and Chemicals logo
Air Products and ChemicalsAPD
0.1×0.0×
Entegris logo
EntegrisENTG
0.9×-0.2×
Enterprise Products Partners logo
Enterprise Products PartnersEPD
1.1×+0.1×
IR
Ingersoll RandIR
0.5×0.0×
CF Industries logo
CF IndustriesCF
0.7×0.0×
Quanta Services logo
Quanta ServicesPWR
0.7×+0.1×

Other financials

Income statement

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Revenue$8.8B+8.3%
Gross profit$4.3B+7.7%
Operating income$2.4B+11.7%
Net income$1.9B+11.0%
EPS (diluted)$3.98+13.4%

Balance sheet

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Cash & equivalents$4.0B-25.2%
Total debt$31.1B+9.8%
Total equity$38.6B+1.4%
Total assets$86.3B+4.4%

Cash flow

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Operating cash flow$2.2B+3.7%
CapEx$1.3B+5.7%
Free cash flow$898.0M+0.8%

Valuation

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Market cap$238.5B+4.3%
Enterprise value$265.68B+5.6%
P/E33.7×-0.9×
P/S6.9×0.0×

Profitability

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Gross margin48.8%+0.5pp
Operating margin26.5%+0.1pp
Net margin20.4%+0.4pp

Returns & leverage

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Return on equity18.5%+1.3pp
Current ratio0.8×-0.1×

Where this comes from

Calculated from Linde’s reported figures.

Based on the most recent quarter.

The official record: Linde’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Linde's debt-to-equity?
Linde (LIN) reported debt-to-equity of 0.8× in Q1 2026.
How has Linde's debt-to-equity changed year-over-year?
Linde's debt-to-equity increased by 8.3% year-over-year, from 0.7× to 0.8×.
What is the long-term trend for Linde's debt-to-equity?
Over 4 years (2021 to 2025), Linde's debt-to-equity has grown at a 18.1% compound annual growth rate (CAGR), from 1.6× to 3.2×.
What does debt-to-equity mean?
How much debt the company carries for every dollar of shareholder equity.
How do you interpret debt-to-equity?
Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.
How does debt-to-equity compare across companies?
Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.